Smurfit Westrock Reports Fourth Quarter and Full Year 2024 Results

Due to the continued weak and uncertain market environment, Stora Enso plans to initiate a new profit improvement programme targeting annualised EUR 80 million improvement of the operational EBIT. This could lead to a potential reduction of approximately 1,000 employees. Local change negotiations in line with the local legislations will start as soon as country specific plans are further detailed. The profit improvement programme is designed to improve Stora Enso’s long-term competitiveness by focusing on core business activities that can drive the Group’s strategy supported by a decentralised operating model. The profit improvement programme would be implemented without any new production site closures.

American Packaging Corporation (APC), a leader in flexible packaging solutions, announced Ray Graham has transitioned to the role of Chief Executive Officer and President of American Packaging. This is part of APC's leadership transition plan announced in December 2023 that included, effective January 1, 2025, the following leadership changes: *Jeff Koch, former CEO, retired on December 31, 2024, and joined APC's board of directors. *Ray Graham, APC President, is now CEO and President. "As I step into the role of CEO, I am excited about the future of American Packaging and the unlimited potential for our business," Ray Graham said. "I will continue to engage with our valued customers, strategic suppliers, and most importantly our employees, who are the most talented, results oriented team of professionals in the flexible packaging industry. As a family-owned business, APC is unmatched in our continuous investment in capital equipment, technologies, and talented people, that ensure our customers and our future customers that we are the best supplier to partner with them to achieve their packaging goals."

Through its Pregis Inspyre™ product line, the company has taken steps to make a difference in communities worldwide. As a proud brand member of 1% for the Planet, 1% of the Inspyre product line sales are donated to the Uzima Clean Water Mission, a nonprofit organization working to bring clean drinking water to communities vulnerable to waterborne illnesses. Access to clean water is a critical global issue, and Pregis is committed to supporting Uzima’s mission to improve health and quality of life for those in need. “We believe that businesses should be a force for good. Through our Pregis Inspyre purpose-driven product offering, we are empowering customers to make product choices that create benefit to their operation and fuel meaningful change,” said Daché Davidson, CMO of Pregis. “Our partnership with Uzima helps ensure that communities around the world have access to clean water, a basic human right that so many still lack. This is just one way we’re extending our purpose to ‘inspyre’ positive change for people and the planet.”